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Friday, September 03, 2004
Oh, That Stagnant US Economy:
U.S. employers cranked up the pace of hiring in August and estimates of job growth for the previous two months were revised upward. The unemployment rate fell to a three-year low.
Nonfarm business payrolls grew by a net 144,000 jobs last month, the Labor Department said Friday. The unemployment rate fell a tenth of a percentage point to 5.4%, the lowest level since October 2001.
Senator Kerry, true to his pessimistic form, said "Economically, after losing jobs, you're supposed to have ever faster job growth to make up for it. That's not what we're getting. We're getting mediocre, treading water job growth." I supposed that during the campaign season, any news is bad news, eh, John?Labels: Archives_2004
.: posted by
Dave
9:53 AM
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